“I am 25 years old now, and shacking up in my parents’ guest bedroom,” he told me. “I have successfully made four payments on my student loans in the past three and a half years. I have over $48,000 dollars of student loan debt, and absolutely nothing to show for it. No degrees. No certificates. No qualifications. I have continued my education to the best of my ability since leaving A&M, but always at community colleges and always paying for everything out of pocket. As you can imagine, since I’m not ‘qualified’ for a decent paying job, my savings for school piles up very slowly, and then disappears when August and January roll around. I haven’t been back to school in about a year now, and I currently work at Subway, making sandwiches. I don’t make my loan payments.”
He’s about to join the military because he sees it as his only option. “I am depressed at the idea of signing my life away for four years so I can fight someone else’s wars. I am angry beyond belief that it’s come to this,” he said.
Student loans: no longer a good investment?
(via alternet-working)
Oh, I wrote this the other day. It depressed the hell out of me.
(via champagnecandy)
Yep. After interest, I’ll be paying almost $100,000 for a degree I didn’t get. $600 a month, increasing to $1200 in the next two years.
My husband and I want to buy a house because it will be cheaper to roll my loans into the mortgage than to not have a house at all.
Oct
